4/151 Neerim Road, Glen Huntly VIC 3163
4/151 Neerim Road, Glen Huntly VIC 3163
2-bed apartment | secure parking | walk to village and station | compact low-maintenance | rental demand
Positioned within a well-established apartment pocket on Neerim Road, this two-bedroom unit is considered a practical option for first-home buyers and investors. Its secure car space and balcony are seen as everyday conveniences in a suburb where apartment living is driven by proximity to Glen Huntly Village, the station, and tram services. The unit is suited to buyers seeking a low-maintenance foothold in a transit-oriented location, with the surrounding area best described as amenity-led and walkable. The internal layout is compact but functional, with built-in robes and modern finishes typical of updated stock in the corridor. This apartment is best matched to owner-occupiers wanting an easy commute or landlords targeting consistent rental demand.
The value of this unit may be influenced by its floor level and aspect, and the age of the building could affect its appeal compared with newer boutique developments nearby. Internal condition and the quality of common-area maintenance might also shape the final price, as would the availability of a storage cage or European laundry. Buyers are advised to weigh any body corporate obligations and the typical capital growth constraints of apartment living. Without a land component, the price is likely to remain sensitive to presentation and nearby supply, though the layout and secure parking provide a solid baseline.
Detailed Independent Property Report prepared by PropCred Analyst team for 4/151 Neerim Road, Glen Huntly VIC 3163
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
URL has been copied successfully!
Market Insight
Glen Huntly is a low-turnover inner-Melbourne pocket with 4,905 residents, positioned on the Neerim Road and Glen Huntly Road corridor. Demand is selective: house auctions clear at 73.9% and units at 64.3%, but transaction volumes are thin—just 15–24 house sales annually, against 104–112 unit sales. House prices show sharp indicator divergence: medians range from $1.26m (Woodards) to $2m (REIV), with 12-month growth between –13.1% and +17.1% depending on source. Units are softer: medians span $533k–$689k, with annual changes from –2.8% to –7.5%. Houses sell in 38–51 days. Rental yields remain modest—2.54% for houses, 4.0–4.9% for units—with median house rents of $600–$893 and unit rents around $500–$523. The key constraint is liquidity and price discovery: low house turnover magnifies estimate volatility, while declining unit values signal weaker investor demand.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 141/115 Neerim Road apartment sold for $423,000 | Property Price Band: $400,000 to $500,000 | Value Drivers: condition, floor level, internal amenity
Bedrooms
3
Bathroom
2
Parking
1
Land
150m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!